Victory Capital Management Inc. Has $13.65 Million Stake in Lamb Weston Holdings Inc (LW)

Victory Capital Management Inc. trimmed its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 18.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,154 shares of the specialty retailer’s stock after selling 40,227 shares during the quarter. Victory Capital Management Inc.’s holdings in Lamb Weston were worth $13,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its holdings in Lamb Weston by 4,768.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,807,491 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 2,749,828 shares during the period. Millennium Management LLC raised its stake in Lamb Weston by 372.0% during the 4th quarter. Millennium Management LLC now owns 2,900,859 shares of the specialty retailer’s stock valued at $213,387,000 after buying an additional 2,286,275 shares during the last quarter. Norges Bank purchased a new stake in shares of Lamb Weston in the 4th quarter worth $107,505,000. Two Sigma Investments LP increased its stake in shares of Lamb Weston by 649.6% in the 4th quarter. Two Sigma Investments LP now owns 1,169,616 shares of the specialty retailer’s stock worth $86,037,000 after purchasing an additional 1,013,584 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Lamb Weston by 57.9% in the 4th quarter. Geode Capital Management LLC now owns 2,152,534 shares of the specialty retailer’s stock worth $158,094,000 after buying an additional 789,356 shares during the period. 83.22% of the stock is owned by institutional investors.

Shares of Lamb Weston stock traded down $0.13 during trading on Tuesday, hitting $67.41. 4,885 shares of the company’s stock were exchanged, compared to its average volume of 1,706,124. Lamb Weston Holdings Inc has a 52-week low of $63.02 and a 52-week high of $83.86. The stock has a market cap of $9.90 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.79 and a beta of -0.26.

Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, April 2nd. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.13. Lamb Weston had a net margin of 12.47% and a negative return on equity of 230.44%. The firm had revenue of $926.80 million during the quarter, compared to analysts’ expectations of $898.46 million. During the same quarter last year, the company posted $0.91 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Lamb Weston Holdings Inc will post 3.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.19%. Lamb Weston’s dividend payout ratio (DPR) is presently 30.08%.

A number of research analysts recently commented on the stock. Bank of America raised shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a report on Tuesday, May 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Thursday, April 4th. Stifel Nicolaus increased their price objective on shares of Lamb Weston from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group set a $85.00 target price on shares of Lamb Weston and gave the company a “buy” rating in a research note on Friday, January 25th. Finally, Daiwa Capital Markets initiated coverage on shares of Lamb Weston in a research note on Wednesday, February 27th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $78.83.

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Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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